The German energy company RWE has decided to withdraw from the construction of Bulgaria’s second nuclear power plant at Belene over the failure to achieve the key stages of the project. This becomes clear from a letter of the RWE CEO, Juergen Grossman, to the head of the Bulgarian Energy Company NEK, which was supposed [...]
Bulgaria and another nine states from Central and Eastern Europe succeeded in agreeing on more beneficial terms with regards to climate change. That became confirmed by the close of the European Council in Brussels, announced the government press service. “It was a very difficult meeting. In the morning we had a working meeting with another [...]
Bulgarian international Valeri Bojinov sent his Italian club Parma up to fourth in Serie A after coming off the bench to score against Bari. On-loan Manchester City striker Bojinov struck the first Parma goal four minutes after coming off the substitutes’ bench and Alberto Paloschi added a second after 66 minutes for the hosts at [...]
According to a survey compiled by InsureandGo, a UK based insurance company, tourists can save up to 40% by traveling to Bulgaria rather than the French Alps to ski this winter. The insurance company compiled a survey of flights, accommodation and lift-pass prices to reveal that between Christmas and New Year, skiers are likely to [...]
Bulgaria’s monthly budget deficit in September 2009 amounted to BGN 73,6 M, according to final data of the Finance Ministry released Friday. This is BGN 18,7 M fewer than the monthly deficit for August 2009. Yet, despite the month-on-month decrease, Bulgaria’s total state budget deficit for the first nine months of 2009 is BGN 552,3 [...]
Bulgaria’s former Finance Minister, Plamen Oresharski, and the Central Bank Governor Ivan Iskrov had a secret deal for depositing about 14% of the fiscal reserve into commercial banks. This was announced Friday by Bulgaria’s Finance Minister, Simeon Djankov, after his predecessor Oresharski slammed the 2010 draft budget, and asked what was going to happen with [...]
French President Nicolas Sarkozy said Friday that “without doubt” the Lisbon Treaty is going to enter into force on December 1, 2009. “After the compromise achieved with the Czech Republic last night removed the last obstacle before its ratification, the Lisbon Treaty is going to be in force on December 1,” Sarkozy said after the [...]
Bulgaria’s National Audit Office sent Friday to the Chief Prosecutor their report about the financial management of the budget and the property of the Council of Ministers from January 2008 to the end of July 2009. The auditors’ decision is based on the Audit Office Act according to which when there is evidence of crime [...]
German energy company RWE AG announced Friday that it had concluded an agreement for the construction of a new electric power station in Turkey. The news comes only two days after RWE AG abandoned all plans to participate in the construction of a 2000MW nuclear plant in the Bulgarian Danube town of Belene, citing funding problems. [...]
“Much Ado, Little Action” is the title of an article about the Bulgarian Prime Minister Boyko Borisov published Friday by the Austrian paper Die Presse as the new Bulgarian government is about to turn 100 days. The Die Presse article (available HERE in German) says that Borisov is mostly remarkable for attacking the previous government [...]
World Bank President Heaps High Praise on Bulgarian Govt
Bulgarian State Companies with New Orders for Bank Selection
World Bank President Robert Zoellick Heads for Bulgaria
Bulgaria Consolidates Control of Finance, Customs, Tax Authorities
Average Wage in Bulgaria Up 9% Q2 Y/Y
Bulgaria with Staggering Export Growth to Non-EU States in 2010 H1
Bulgarian State Railroads to Request Loan from World Bank
